Stoneridge Investment Partners LLC Takes $267,000 Position in Abercrombie & Fitch Company $ANF

Key Points

• Stoneridge Investment Partners LLC has acquired a new stake in Abercrombie & Fitch, purchasing 3,496 shares valued at approximately $267,000.
• Abercrombie & Fitch reported earnings per share (EPS) of $1.59 for the last quarter, exceeding analysts' expectations of $1.35, along with a revenue of $1.10 billion.
• Analysts have raised their price targets for Abercrombie & Fitch, with JPMorgan Chase increasing its target from $141.00 to $151.00, maintaining an "overweight" rating on the stock.

Stoneridge Investment Partners LLC acquired a new stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,496 shares of the apparel retailer's stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANF. Envestnet Asset Management Inc. grew its stake in shares of Abercrombie & Fitch by 79.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 39,260 shares of the apparel retailer's stock valued at $5,868,000 after buying an additional 17,377 shares during the last quarter. Mariner LLC boosted its holdings in shares of Abercrombie & Fitch by 5.9% during the fourth quarter. Mariner LLC now owns 8,262 shares of the apparel retailer's stock worth $1,235,000 after purchasing an additional 458 shares during the period. XTX Topco Ltd purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $230,000. GeoWealth Management LLC purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $70,000. Finally, First Trust Advisors LP boosted its holdings in shares of Abercrombie & Fitch by 8.7% during the fourth quarter. First Trust Advisors LP now owns 45,709 shares of the apparel retailer's stock worth $6,832,000 after purchasing an additional 3,650 shares during the period.

Abercrombie & Fitch Trading Down 0.7%

NYSE:ANF opened at $94.9750 on Wednesday. Abercrombie & Fitch Company has a 12 month low of $65.40 and a 12 month high of $172.90. The company has a market cap of $4.52 billion, a PE ratio of 9.35 and a beta of 1.54. The company has a 50 day simple moving average of $90.06 and a two-hundred day simple moving average of $85.80.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm's revenue was up 7.5% on a year-over-year basis. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. Research analysts forecast that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $141.00 to $151.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Jefferies Financial Group decreased their target price on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Finally, UBS Group reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.88.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.

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